Gold, silver and other metal prices on Thursday, October 27, 2022

Gold prices remained stable on Thursday despite US dollar
and Treasury yields falling on mounting expectations of slower monetary policy
tightening by the Federal Reserve later in the year. The dollar index was
slightly changed after hitting its lowest level since September 20 earlier. A
weaker dollar makes greenback-priced gold less expensive for overseas buyers.

Gold is considered a hedge against inflation, while higher
interest rates raise the opportunity cost of holding the zero-yield bullion
while boosting the dollar and bond yields.

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Gold prices on the Multi Commodity Exchange (MCX) decreased
on Thursday, October 27, 2022. Gold futures were trading at Rs 50,684.00 per 10
gm, down 3 points or 0.01%, in the Indian market. Silver futures were trading
at Rs 57,884.00 per kg, down 282 points or 0.48%.

In global markets, gold was priced at $1,660.89 per oz,
while silver is priced at $19.35. Platinum was trading at $950.00, while
palladium was trading at $1,966.50.

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Copper futures were trading at Rs 661.40 up 0.29% while
Natural Gas and Aluminium futures were trading at Rs 509.50 and Rs 204.75 per
Kg respectively on MCX.

In the spot market, the 22-carat gold was sold at Rs 49,530
per 10 grams while silver was priced at Rs 57,851 per kg on Wednesday according
to the Indian Bullion and Jewellers Association.

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According to the Good Returns website, ten grams of
22-carat gold is being sold for Rs 47,000 in Mumbai and Kolkata. In Chennai,
the same amount of yellow metal can be purchased for Rs 47,650. Today, it costs
Rs 47,150 in New Delhi.

The 24-carat gold rate is Rs 51,280 for ten grams of metal
in Kolkata and Mumbai. In Chennai, the same amount of gold is being traded for
Rs 51,980. It can be purchased for Rs 51,430 in New Delhi.

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Ten grams of 22-carat gold costs Rs 47,050 and Rs 47,080 in
Mangalore and Nashik, respectively. In Mangalore, the same amount of 24-carat
purity is worth Rs 51,330, while in Nashik, it is worth Rs 51,310.

Ten grams of 22-carat gold costs Rs 47,000 in Kerala,
Hyderabad, and Vishakhapatnam. The same amount can be purchased for Rs 47,050
in Bengaluru, Ahmedabad, and Surat. In Kerala, Hyderabad, and Vishakhapatnam,
ten grams of 24-carat gold costs Rs 51,280. The same amount of 24-carat gold
can be purchased for Rs 51,330 in Bengaluru, Ahmedabad, and Surat.

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Ten grams of 22-carat gold costs Rs 47,080 and Rs 47,150 in
Pune and Jaipur, respectively. The same amount of 24-carat purity costs Rs
51,310 in Pune. It is worth Rs 51,430 in Jaipur.

Ten grams of 22-carat gold is bought and sold for Rs 47,150
in Chandigarh and Lucknow. In both cities, the same quantity of 24-carat purity
is sold for Rs 51,430.